(a) If there is a taking of less than the entire tract, the
value of the remainder on the valuation date shall reflect increases or
decreases in value caused by the proposed project including any work to be
performed under an agreement between the parties.

(b) The value of the remainder, as of the date of valuation,
shall reflect the time the damage or benefit caused by the proposed
improvement or project will be actually realized. (1981, c. 919, s. 1.)